Instead of Trade Wars, the U.S. and EU Need a ‘Safe Trade’ Agenda

A cargo ship prepares to dock in Oakland, California, April 16, 2020 (AP photo by Ben Margot).
A cargo ship prepares to dock in Oakland, California, April 16, 2020 (AP photo by Ben Margot).

Since the onset of the coronavirus pandemic, the Trump administration’s trade policy has been shifting from an inclination to punish to a yearning for retreat. After imposing tariffs on trading partners that cost U.S. consumers $12 billion last year, the White House has been looking for ways to repatriate industrial activity from China and launch a new state-led industrial policy. But cutting the economic cord with China will not magically halt its geopolitical rise, and imitating its state-led approach to the economy would make America both less secure and less prosperous. Instead, the next U.S. administration should launch a “Safe […]

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